Bank credit and deposit growth tumbles down in third quarter of FY25: RBI

Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, while public sector lending picked up. Term deposits grew significantly, driven by higher interest rates and large-value deposits.

Feb 21, 2025 - 21:30

Bank credit and deposit growth tumbles down in third quarter of FY25: RBI

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Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, while public sector lending picked up. Term deposits grew significantly, driven by higher interest rates and large-value deposits.